Cynthia Lummis: The BITCOIN Act - BTC in U.S. Reserves?

🎬 DEBRIEF | Ryan & David unpacking the episode: www.bankless.com/debrief-the-c... ------ U.S. Senator Cynthia Lummis is a leading Bitcoin advocate in Congress who recently introduced her proposal, "the Bitcoin Act," which seeks to create a strategic Bitcoin reserve for the United States of America. In today's episode, we explore how the bill could address the $35 trillion debt, the conversion of gold certificates to Bitcoin, and its economic implications. ------ BANKLESS SPONSOR TOOLS: 🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE k.xyz/bankless-pod-q2 ⁠ 🦄UNISWAP | BROWSER EXTENSION bankless.cc/uniswap 🛞MANTLE | MODULAR LAYER 2 NETWORK bankless.cc/Mantle ⚡️ CARTESI | LINUX-POWERED ROLLUPS bankless.cc/CartesiGovernance 🗣️TOKU | CRYPTO EMPLOYMENT bankless.cc/toku ------ ✨ Mint the episode on Zora ✨ zora.co/manage/1155/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/56 ------ TIMESTAMPS 0:00 Intro 6:40 The Bitcoin Act 10:01 Gold to Digital Gold 15:01 U.S. Strategic Reserves 18:00 U.S. Discretion in Selling Forfeited Bitcoin 20:44 Is Bitcoin Ready for Federal Reserve Backing? 23:24 Bitcoin Adoption to Tackle U.S. Debt 28:17 Bitcoin's Potential Impact 33:15 Being First in Bitcoin Strategic Reserves 39:22 Pros vs. Cons of Bitcoin Strategic Reserves 49:08 Bipartisan Prospects and Democratic Silence 53:52 Conservative Support vs. Liberal Adoption 56:30 Trump vs. Harris on Crypto Legislation ------ RESOURCES Senator Cynthia Lummis x.com/SenLummis The Bitcoin Act www.lummis.senate.gov/press-re... www.lummis.senate.gov/wp-conte... ------ Not financial or tax advice. See our investment disclosures here: www.bankless.com/disclosures

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